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Nov 9, 2012 1:00pm EST
after mr. boehner's comments. they are interpreting it, according to traders i've talked to anyway, as an opening, if you will, which john, you really just mentioned. but eamon, we expect this event to happen momentarily, but how much influence do you think, if any at all, the congressional budget office detailing what might happen to the unemployment rate might have on these particular discussions? i mean they said that if all -- if we go over the fiscal cliff, that we might see an unemployment rate spike to above 9%. do you think that that pushes it a little bit for both sides to really get together and get something done? >> well, look. unemployment over9% is definitely an eye opening figure. but i think the folks in washington know this is a bad deal. they know it is a worst case scenario if we go over the fiscal cliff. there are some in both parties who argue that it might be best to actually go over the fiscal cliff for a variety of tactical and ideological reasons but most folks in washington, sort of where the center of gravity is politically, they think the fiscal cliff is
Nov 30, 2012 1:00pm PST
's actually a healthier reaction than that of mr. boehner's colleague in the senate, mitch mccandle, who repo reportedly laughed at the president's budget. at least he doesn't invoke the civil war. yes, the american civil war, when talking budget cuts. >> it's not just a bad deal. this is really an insulting deal. what geithner offered, what you showed on the screen, robert e. lee was offered easier terms at appomattox and he losted the civil war. >> now, now, now, charles, that's not very christmassy of you. we don't mind if you wrap yourself to the flag, just make sure it's the one with 50 stars on it. dr. james peterson is a contributor to and robert reich is former labor secretary a and a professor and the author of "beyond outrage," now available in paperback. welcome to both of you. dr. peterson, i could have sworn we had an election earlier this month, but today i saw the president having to go on the road again to fight a republican who points to the ryan budget plan as his compromising answer to the deficit. did i dream that the election ever happened? >> you didn't dream
Nov 21, 2012 5:00pm PST
parties discuss ways to solve our nation's massive debt challenge." mr. boehner, this is not what the election was all about. john boehner, if he is serious, will have to find out, but he certainly isn't very smart. the congressional budget office estimates, they show that the affordable care act will actually reduce the deficit. it doesn't make a lot of sense to get rid of a deficit reduction program, as part of a deficit reduction deal. the white house already rejected boehner's idea. obama care will not be part of debt negotiations. boehner is up to something here, don't you think? something else, that is. if you watch john boehner closely over the last two weeks, you can see him laying the ground work for the latest ploy. he call eed obama care the law the land, but also tried to link it to obama care and the budget. >> you had said, next year, that you would repeal the health care vote. that's still your mission? >> well, i think the election changes that. it's pretty clear that the president was re-elected. obama care is the law of the land. i think there are parts of the he
Nov 7, 2012 7:00pm EST
news. moments ago house speaker john boehner, he delivered a direct message. this is your moment, mr. president. and we want you to succeed. the fiscal cliff is priority number one. boehner is now opening the door to a grand design fiscal deal that could include tax and entitlement reform. listen to the speaker today. all right. so we didn't get quite that sound. sorry. maybe we'll pick it up later. what happens to the market? courtney reagan at the real-time exchange breaking it down for us. good evening to you, courtney. >> good evening, larry. last night might have been overwhelmingly blue but today it was all red. the day after the presidential election saw the dow shift 312 points, marking the biggest point loss so far this year for the index. but it could have been worse. at session lows the dow was actually off by 369 points. the sell-off was broadbased and multifaceted. some point to wall street's disappointment with president obama's re-election. but ecb head mario draggi's comments about weakness in europe affecting germany and apple's move into correction territory certain
Nov 30, 2012 2:00pm PST
off the big boys' ticket. he's the guy who said his fellow 2%ers have your back. mr. boehner, ye of limited memory, the voters looked this issue directly in the eye, they heard your guy, romney, playing palace guard for the plutocrats and they said i think i'll vote for the guy who is looking out for the middle class. i think i will let that guy go back to bain or whatever. time for mr. baoehner to stop protecting the rich. joy reid is managing editor of the grio and david corn is washington bureau chief for mother jones and the author of the ebook "47% percent." today the president took his pitch to a factory in the philadelphia suburbs and he made clear the rich must pay their fair share. obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? of that doesn't make sense. the senate has already passed a bill t
Nov 29, 2012 11:00am PST
and mr. boehner because i had they discussions over the last weekend, as well. but i know exactly what he said during the campaign. and i'm sure mr. boehner heard those comments as well as i heard them. and that is, we must ask the wealthy to pay a little more so we can get these deficit eliminated. get our debt paid down and start growing the economy again. that's not unusual or new to any of us. nobody in the country. so i think the president is sticking to what he said throughout the campaign and as i said 3 million more people voted for him than voted for the other guy. >> with that said, on taxes, if there's any chance on your side, is there any chance on your side to come down to the form of a smaller tax hike on incomes above $250,000 or would you consider keeping rate it is same at $250,000 and raising them only on higher incomes, say half a million or $1 million a year? >> i think it's all part of the negotiations. we know where the president is and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000, some say even a million. all of that
FOX News
Nov 18, 2012 12:30pm PST
, but the media did take note of that. but i think that, mr. boehner's conciliatory attitude reflects exactly as said, the politics of the situation, and david brooks had an interesting column saying not only irresponsible to take the country over the fiscal cliff, but it's bad politics for the republicans. i think that accounts for the mood of con vifalty and consensus. >> and the media says is bad politics-- >> speaking of that the new yorker had a blaring headline this week, is obama willing to leap off the fiscal cliff? let's hope so. take that for what it's worth. next on news watch, last thanksgiving, abo 2 million people tried to deep-fat-fry their turkey. 15 succeeded in setting their houses on fire. at christmas, the was a lot of driving ovee river and through the woods. and a lite bit of skidding on the ice and taking out grandma's garage door. so while you're celebrating, allstate will be standing by. trouble never takes a holiday. neither should your insurance. that's allstate's stand. are you in good hands? ♪ starts with ground beef, unions, and peppers baked in a ketchup glaze
Nov 14, 2012 2:30pm PST
if they think otherwise in the flesh of the victory. >> mr. boehner has tried this tack before. what makes you think he will be successful? i hear your point about big business. whether we're talking democratic or republican, what wall street wants, wall street gets much to my chagrin but i digress on that point. what is your sense of how or why this time john boehner will get what he wants but he has not been so successful at keeping his troops in line in the past? >> only because it comes off of some substantial loss. not a landslide loss or defeat but a substantial loss and there is a certain amount of shellshocked. i think also, if we come to the point of whether we're jumping off a cliff or in complete gridlock and we have a party and in that situation, i think it is bad for the republican's politically. it is entirely self interest. i do not think they can afford it politically right now. they may feel different when they regroup in three or four months but this immediate flight, i may be deluding myself but i think they're going to come up with a deal. >> maybe the president is deluding
Nov 28, 2012 7:00pm EST
like mr. john boehner despites a's in they were to find ways to get to that number. the problem is as long as the pie stays the size that it, is you're not talking about significant changes that are going to have maybe ten-year changes long time for this kmirnt economy, when you begin to what the impact of this is 20, 30, 45 years a road. you're talking about the. >> my fear is that they've already given up on that. >> no, hold the line! i can hear you're getting excited about this, which pleases me to no end. i jufrs wanted to ask you why should john blaineor play ball if the president won't play ball back. in h and not sure sure about that and i'm not pessimistic. i heard the top tax rates are going to go up. all of come from. >> here's the problem, boehner is trying for sm reason he's trying to adjudicate the problem we were having during the election. they lost. a majority of the american people, more than the number of people who actually voted for the president don't great with that approach. they great with the president's himself here in not recognizing that he does not
Nov 10, 2012 12:00am PST
? because you both talked about revenues but we also heard mr. boehner talk about not raising rates. so is there some sort of compromise in the difference between the term rates and revenues? >> i done think will is any question. and actually there's a lot of commonality on that issue in the senate. the fact is that folks in the upper income bracket lick me, we ought to eliminate loopholes and those kinds of things that are you really spending in another name. so we can generate more revenues from the upper income by eliminating those tax expenditures which really, again, is just spending in another name. and i think-- bses you can give us an example of how -- >> there are all kind of expenditures there is a home mortgage deduction. charitable contribution, the health care exclusion. and the best way to keep from getting into a political argument over which one is just to cap the amount that people in upper income brackets can take of any of those. let them choose which they want to take. but there's been a lot of discussion in the senate over this. and i think a lot of people have come
Nov 8, 2012 7:00pm EST
point you made, mr. boehner saying revenues could be on the table. is that a republican concession? and if it is a republican concession, what do you all want from the democrats as their concession? >> well, i think it's how these things are characterized. many times. you know, in the debate between mitt romney and barack obama, obama laid out this notion that somehow romney was not in favor of any more revenues and romney debunked that and said, look, we're in favor of revenues, and i think he was largely speaking for the republican party at that point. we're in favor of more revenues. the ryan budget, for example, had revenue assumptions in it. so i think what's got to happen is that both sides have to let the other team take a victory lap. let republicans come into this debate where we keep tax rates low and reasonable and predictable and drive toward tax reform next year. democrats can come into the debate and claim a victory and say, well, we're interested in more revenues. the key is, can we get to these underlying situations and that is entitlement reform. that's where the a
Nov 26, 2012 7:00am PST
an effort to do a principle compromise and mr. obama who doesn't face another election, and mr. boehner who is head of a party somewhat chastised in the past election about appearing not to let washington work. if we can have the bipartisan compromise not dissimilar to the simpson-bowles national debt commission where we understand it is going to take revenue enhancements as well as spending reductions and entitlement reform, we can do what's right. we must do what's right for america. i think we have a real opportunity to do it, probably a short team deal by 1 january, but the real negotiation will then be done before we break the real debt ceiling in the middle of march. >> clearly these folks aren't spending money just to spend money. they think they can have influence by influencing people to influence congress. are they right? >> well, they're trying to set the table. no question. i always challenge people to advertise in december. you can't out spend santa claus, and it is hard to get through a message now with the lame ducks folks in congress. i agree with the congressman. i think yo
Nov 27, 2012 7:00pm EST
boehner said okay we'll give you revenues. you give us entitlements. what we heard today from mr. durban, who i think is pretty good on this stuff and others, they are off the table. now that seems to me to be an impediment and a barrier to a solution for something that is going to come due. larry, it is very disturbing. and this is the entire problem. it is a replay for what happened in the super committee. we tried to accommodate demands to try to persuade our friends to address the problems of spending. my hope is that the election is behind us now. can we avoid this massive tax increase? i sure hope we can. we have had them on the senate floor and the house has passed budgets. we have laid out ways that we can solve this fiscal problem. it is time that those on the other side offered ideas. >> you had a two part claim. can you review that maybe people ought to hear that? >> let me be clear. i don't think revenue is the problem. but the other side made that a precondition. if we are going to have revenue at all. it can only come in the context of pro growth tax reform. secondly, you h
Nov 16, 2012 4:00pm PST
reports the bottle retails for 125s oodz no wine for mr. boehner. >> an oakland police officer helped capture one of oakland's most-wanted criminals. this went down at ruth's chris steak house. the officer was having dinner, and he noticed a number of notorious street gangs in a nearby table. he stepped outside, called police then went back inside to his table, officers from both cities all converged outside. >> seemedf/s;s vital realtime information from the officer. we knew his movement, his whereabouts. >> the man arrested wanted for a residential robbery, he was dining with fellow gang members. police made some skipped out on the check go back, pay, and leave a nice tip. >> yes. >> still ahead on abc 7 news at 4:00 good samaritans. a grandfather saves a baby's live at the last minute. >> and i'm michael finney. today, q and a just ahead, i'm still taking your questions so you can contact me at finney abc 7 and on twitter, m finney. i'll answer questions here later. >> i'm spencer christian. this picture speaks for itself. looking west we can see clouds, rain a
Nov 8, 2012 6:00pm PST
to call john boehner and mitch mcconnell but he was told they were asleep, quote after his speech, mr. obama tried to call both mr. boehner and the senate republican leader, mr. mcconnell but was told they were asleep. i realized it was late night and everything but if the president calls you and you are asleep, do you not get woken up? isn't that sort of a standing order? one of the things we can all agree on the sort of thing you get out of bed for? the presidents an on the phone, okay, i'll wake up and take the phone no matter who you are? no. john boehner and mitch mcconnell were still asleep and no woke them up. since then, they have made statements about what they see happening in this next year, indicating that maybe they also slept through the part of the night when the results of the election came in. mr. mcconnell put out a statement what's clear about this election is that the voters have not endorsed president obama's first term. the fact that the president won the election is not an endorsement of the president? filling in a little bubble next to the man's name on a piece
FOX Business
Nov 7, 2012 5:00pm EST
to take flak from my political base and the democratic party and expose my party to harm. you, mr. boehner, see what you got. melissa: juan, you're a great american. i'm weeping here at the desk. i love that. fred, come onn what have you got? put something on the table? >> you know what chance there is that president obama is going --. melissa: don't be critical, fred? don't be critical. >> there is not a chance. look, he passed up the chance over and over again to embrace simpson-bowles, to do something about medicare. to do something about social security which easiest thing of all, social security. look, there are so many tax breaks, deductions, credits, that you could cut. not just for rich people. you would have to do it for other people if you want to raise revenues. republicans are ready to do that. melissa: like what? give us your advice, fred. it was a long night. we're all a little cranky. we have to help everybody come together. give me one, fred, come on!. >> i'm not cranksy at all. but for a lot of people you can camp so of these deductions. one on the second home, for instanc
FOX News
Nov 17, 2012 11:00am PST
and that shouldn't be surprising, but the media did take note of that. but i think that, mr. boehner's conciliatory attitude reflects exactly as said, the politics of the situation, and david brooks had an interesting column saying not only irresponsible to take the country over the fiscal cliff, but it's bad politics for the republicans. i think that accounts for the mood of con vifalty and consensus. >> and the media says is bad politics-- >> speaking of that the new yorker had a blaring headline this week, is obama willing to leap off the fiscal cliff? let's hope so. take that for what it's worth. next on news watch, an interesting moment from nancy pelosi. pelosi. >> gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. do you have the coverage you need? open enrollment ends friday, december 7th. so now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions and plans including aarp medicarecomplete, insured through unitedhealthcare. call today to enroll. these medicare advantag
Nov 8, 2012 5:00pm PST
we interpret that interview that mr. boehner gave? >> no. these guys, the republican party is now an extreme right-wing party. it is owned by their campaign contributors and the millionaires and billionaires of this country. it doesn't surprise me. but the american people have been very, very clear on this issue. when you talk about deficit reduction, at every single poll that i have seen what this election is about is the american people are saying no. we're in the midst of a horrendous wall street-caused recession. we are not going to cut social security, which harry reid reminds us has nothing to do with the deficit. we're not going to cut medicare or medicaid. yes, at the time when wealthiest people are doing at the nominal well, we are going to ask the rich, we are going to ask corporate america one out of four corporations in this country paying nothing in taxes. we're losing over $100 billion a year because of the tax havens in the cayman islands that corporate and america and the wealthy take advantage of. yes we're going to do deficit reduction, but we will be damned, esp
Nov 12, 2012 3:00pm PST
. let me give you the quote p the quote from the "times" is that their party lost badly, mr. boehner said, they had to avoid the nasty showdowns that marked much of the last two years. members on the call subdued and dark, murmured words of support. that's interesting. and then you had senator bob corker, a key member of the banking committee, went on fox news and said the wealthy should contribute more. listen to this. >> we know there has to be revenues and i think -- look, i haven't met a wealthy republican or democrat in tennessee that's in the willing to contribute more as long as they know we solved the problem. >> i mean, we know there has to be more revenues. i haven't met a wealthy republican or democrat that's not willing to contribute more. it's amazing what an election can do to some people. >> indeed it does sound as though reality is beginning to intrude because all we've heard up to now is absolute no we won't raise taxes for the wealthy at all. so it sounds like reality is beginning to break through. however, having said that, i'm still a little concerned that republi
Nov 14, 2012 11:00pm PST
's talked about $1.6 trillion in revenues. i think mr. boehner's now talking about $800 billion, somewhere in between that we ought to get to -- and i do believe that the president is in a very good place on this issue. i think the american people have demonstrated with their votes and they continue to demonstrate with all of the comments i've heard that the president is where the american people would like for him to be on this issue. middle income americans have given a lot. and they have been giving and giving and giving. just look at this war -- or these wars we have fought. basically the people fighting in these wars, they have come from middle income america. we are talking about people who seem not to have a vested interest in all of the sacrifices that are being made to get our economy back on track. so, the president is right where the american people like for him to be. and i hope and i feel that he will hold the line on these issues. >> it's great to have you on, sir. such a great man. i mean that. every time i hear you talk, i say, yes, yes, yes. congressman james clyburn, one
Nov 19, 2012 7:00am PST
forward, but i think that they need to take a page from mr. boehner quite fran clich cli and the democrats should be glad that he and someone who not more representative of the extreme elements of the party where two years ago he almost came to a principled agreement on a grand compromise with president obama and that is what americans want, someone who comes across as john said, more of a pragmatic way and not an idealogue and willing to have a principled compromise and not compromise the principles, because americans don't want it to go left or right, but they want it to work in washington, d.c., and that is the page of the leader of the gop coming forward that will make it work. there is a number this the generation that represent that coming from some of positions as governors. >> thank you both. a great discussion there. >> thank you. >> thank you for having us. >>> and also, the owner of a oil rig where an explosion happened friday said it will not give up looking for the missing worker. they say they have three dive boats in the waters off of louisiana and sheriff's deputies checkin
Nov 23, 2012 8:00am PST
hanging over him and restraining him. you have a leader, mr. boehner, of a republican party that's been somewhat chastised in appearing to not make things work in washington. they came very close together in the past doing a grand compromise. the over arching message i hear is never has the government of the people been held in such low regard by the people. what they want is a pragmatic leadership. it's not about abandoning your ideology, it's just that at the end of the day americans just want it to work down there in a very pragmatic way where there's accountability based upon facts. my take is that this fiscal cliff unfortunately a crisis that will make washington work in a bipartisanship way is the kind of thing that we have to move on into immigration, education, health care in cementing it. i hope that we can because we must. >> i will tell you that boris in studio was nodding to you. boris, i do want to play the reactions to mitt romney's comments to his donors. let's listen to that. >> absolutely reject that notion, that description. i think that's absolutely wrong. that is not
Nov 14, 2012 3:00pm PST
you think ultimately mr. boehner, mr. ryan and others will make a deal with the president around this issue? >> i think before people sit down for holiday dinners this december there will be a deal. it will be essentially on the president's terms because the leverage really rests with the president. the congress has to present a bill that he's prepared to sign or all of the tax cuts go out of existence. when we come back in next year and the senate passes a tax cut bill for the middle class, it will pass in the house. it will not have any of the tax cuts in existence for higher income people. >> ezezra, let's look at the breakdown of the national debt through 2019. you're the man that knows the charts better than anyone. you can see the light blue area at the bottom shows various recovery measures like the stimulus. the darker blue area is the impact of the recession. that's the second biggest driver. the red area that's the wars in iraq and afghanistan. then the orange area is the largest piece of the mountain of debt, the bush-era tax cuts. nothing else is close. how can you de
Nov 29, 2012 12:00pm EST
boehner did except mr. reid chiding republicans, if you will, saying we're still waiting on a serious offer from the republicans. just a few moments ago, as you did hear live on cnbc, it was speaker boehner saying democrats have yet to get serious. you can continue to watch the comments from senator durbin, senators schumer and murray are also there as well, likely to speak. you can continue to see that as you see at the bottom of your screen on >>> let's head down to capitol hill and our own eamon javers. i know you keep saying this is a negotiating tactic being used by both sides. it seems as though the markets and the investing public are the ones being held hostage. >> reporter: absolutely. they must feel that way up there on wall street. i can tell you in washington terms, this is a little bit of educated speculation trying to figure out what actually happened here today. it seems like what happened is that tim geithner came up here with some kind of offer, presumably some proffer from the administration for the republican side. and the republicans didn't like it. so th
Search Results 0 to 49 of about 277 (some duplicates have been removed)